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Solar PV Backsheet Market

Global Solar PV Backsheet Market Size, Share & Trends Analysis Report by Type (Fluoropolymer and Non-Fluoropolymer), by Application (Residential, Commercial, and Industrial) and Forecast 2019-2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2019994 | Category : Renewable Energy | Delivery Format: /

The global solar PV backsheet market is expected to grow at a CAGR of 6% over the forecast period. Solar PV backsheet is the most critical part used in the construction of a PV module. The backsheet is intended to protect the inner components of the module from an external force. Moreover, the sheet also acts as an electrical insulator. The growth of the market is attributed to an increase in environmental concern, increasing demand for green energy, and the reduction of solar panel prices in both developing and underdeveloped economies. 

Other factors that contribute to the growth of the global solar PV backsheet industry include increasing awareness among people towards cost-effective renewable energy source and government incentives, schemes, and subsidies for domestic solar rooftops panel. Various government initiatives such as feed-in-tariff (FIT) programs in order to increase the installation of solar panels in commercial as well as residential sector is driving the growth of the solar panel market and hence solar PV backsheet market. Further, fluctuation in crude oil prices has been majorly contributing to the increase in the adoption of the rooftop solar panel. 

Segmental Outlook  

The global solar PV backsheet market is segmented on the type, application, and regions. On the basis of the type, the market is segmented into a fluoropolymer solar PV backsheet and a non-fluoropolymer solar PV backsheet. Fluoropolymer solar PV backsheet is widely preferred over non-fluoropolymer solar PV backsheet due to their high performance over a long period of time. Based on the applications, the market is classified into residential, commercial, and industrial. 

Global Solar PV Backsheet Share by End-Use, 2018 (%)

Global Solar PV Backsheet Share by End-Use

Residential Application Segment to Grow Significantly Over the Forecast Period

The segmental growth of residential application of the global solar PV backsheet is attributed to the increasing adoption of solar panels in a residential setting. Solar panels are used by house owners to make their home energy efficient. The solar panels are used for various applications in the household such as solar-powered ventilation system, solar heated swimming pool, solar room heater, solar power pump system, solar battery charging system and many more. 
Further, solar power enables to cut down the electricity bills and is more secure than any other electric resource. Hence, the adoption of solar panels has been rising significantly in the residential sector. Moreover, according to the Solar Energy Industries Association (SEIA), the price of average-sized residential solar systems has declined from over $40,000 in 2010 to $17,000 by the 3rd quarter of 2018. This, in turn, has primarily driven the demand for solar panels in the residential sector, which in turn, have led to the growth of the solar PV backsheet in a residential application. 

Regional Outlook 

Geographically, the study of the global solar PV backsheet market covers the analysis of four major regions including North America (the US and Canada), Europe (Germany, UK, Italy, France, Italy, Spain, and Rest of Europe), and Rest of the World (RoW). North America and Europe have a considerable share in the global solar PV backsheet market attributed to the major contribution of the US, UK, Germany, France, and Canada. Further, there is a large number of solar panel providers within these regions such as Canadian Solar, JinkoSolar, and Trina Solar, which are significantly contributing to the global solar panel market; thereby, creating the demand for solar PV backsheets.

Global Solar PV Backsheet Growth, by Region 2019-2025

Global Solar PV Backsheet Growth, by Region

Asia-Pacific to Exhibit the Fastest Growth Rate during the Forecast Period 

Asia-Pacific region is projected to hold the highest market share with significant growth during the forecast period. The major economies such as China, Australia, Japan, South Korea, India, and Singapore are significantly contributing to the growth of the market during the forecast period. Further, in these regions, there is a high adoption of solar plants in the manufacturing industry. Major players are also investing in the Asia-Pacific due to potential opportunities in the region. Furthermore, the growth of the market in Asia-Pacific is attributed to its major emerging economies such as China and India. 

China has in place various policies in place to promote renewable energy. China offers a reduced rate of corporate income tax to new enterprises in the field including solar energy, wind energy, biomaterial energy, and geothermal energy. This exemption is continued for 3 years followed by a 50% reduction for another 3 years of the standard CIT rate for income derived from specified CDM projects. China also offers feed-in-tariff offers for energy performance contracting (EPC) projects. Such government initiatives and support towards the adoption of solar panels and other renewable sources of energy would spur the use of solar panels in the near future. This, in turn, will augment the growth of the solar PV backsheet market in the region.

Market Players Outlook

Additionally, the market consists of several market players that are significantly providing solar PV backsheets to a wide range of customers across the globe. Some of the players of the market include Toray Industries Inc., DuPont de Nemours, Inc., 3M Co., Dunmore Corp., Arkema SA, ZTT International Ltd., Coveme SpA, and many others. In order to remain competitive in the market, these market players adopt various strategies such as mergers and acquisitions, product offering expansion, geographical expansion, partnerships and collaborations; among others. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global solar PV backsheet market. Based on the availability of data, information related to products and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report 

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Overview

3.3.2. Financial Analysis

3.3.3. SWOT Analysis

3.3.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Solar PV Backsheet Market by Type

5.1.1. Fluoropolymer 

5.1.2. Non-Fluoropolymer 

5.2. Global Solar PV Backsheet Market by Application

5.2.1. Residential

5.2.2. Commercial

5.2.3. Industrial

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. China

6.3.2. Japan

6.3.3. India

6.3.4. Rest of Asia-Pacific

6.4. Rest of the World

7. Company Profiles

7.1. 3M Co.

7.2. Agfa-Gevaert N.V.

7.3. Arkema SA

7.4. Astenik Solar Inc.

7.5. BioSolar, Inc.

7.6. Coveme SpA

7.7. Cybrid Technologies

7.8. Dunmore

7.9. DuPont de Nemours, Inc.

7.10. FLEXcon Co., Inc.

7.11. Hangzhou First Applied Material Co., Ltd.

7.12. Honeywell International Inc.

7.13. Krempel GmbH

7.14. Madico Inc.

7.15. Mitsubishi Chemical Holding (Mitsubishi Polyester Film)

7.16. Taiflex Scientific Co., Ltd.

7.17. Targray Group

7.18. Toray Industries, Inc.

7.19. ZTT International Ltd. 

1. GLOBAL SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

2. GLOBAL FLUOROPOLYMER SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL NON-FLUOROPOLYMER SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

5. GLOBAL SOLAR PV BACKSHEET IN RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL SOLAR PV BACKSHEET IN COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL SOLAR PV BACKSHEET IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

8. GLOBAL SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

9. NORTH AMERICAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

10. NORTH AMERICAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

11. NORTH AMERICAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

12. EUROPEAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

13. EUROPEAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

14. EUROPEAN SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

15. ASIA-PACIFIC SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

16. ASIA-PACIFIC SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

17. ASIA-PACIFIC SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

18. REST OF THE WORLD SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

19. REST OF THE WORLD SOLAR PV BACKSHEET MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

1. GLOBAL SOLAR PV BACKSHEET MARKET SHARE BY TYPE, 2018 VS 2025 (%)

2. GLOBAL SOLAR PV BACKSHEET MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)

3. GLOBAL SOLAR PV BACKSHEET MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

6. UK SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

12. CHINA SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

13. JAPAN SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

14. INDIA SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD SOLAR PV BACKSHEET MARKET SIZE, 2018-2025 ($ MILLION)

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